Banking: how bad will it get?

OK, I am no banker, but...it appears to me (and yes I could be wrong) that it is going to get soo bad that the several agencies (FR, FDIC, OCC, etc.) want to bend the rules for banks, so that banks can purchase other (bankrupt) banks and not have to reduce tier 1 capital for paying above fair market value for the turd, bankrupt bank. Am I wrong or what does the following (including pdf) mean?http://www.federalreserve.gov/newsevents/press/bcreg/20080915a.htm